[Gllug] Uh oh, ministers consider "anti file-sharing laws"

[John G Walker]

On Thu, 25 Oct 2007 17:53:51 +0100 amd_uk <amd_uk at lineone.net> wrote:

> If you've paid off the mortgage of your house/flat and try to give
> it, for free, to one of your off-spring, the tax-man will have plenty
> to say about it as you'll probably be deemed to be avoiding tax. So,
> do you fully own your own home even once the mortgage is paid ?

This is a red herring. The tax is taken as part of death duties on your
property. If you didn't own it, you would be able to leave it to your
children and your estate wouldn't have to pay duty on it.

There's no ambiguity about property here, while there is, apparently
with your CD collection. the question then is, why should you pay death
duty on CDs if you don't have the right to transfer the  to your heirs?

-- 
 All the best,
 John
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